The following is an excerpt. To view the full article please visit the link below
Q. What is the yuan?
A. The yuan is China’s currency. It’s also referred to as Renminbi.
Q. What happened this week?
A. The yuan has fallen by 3.5 per cent in China over the past two days, and around 4.8 per cent on global markets, sending shockwaves around the globe as investors see it as further proof the world’s second largest economy is slowing.
…
* * *